¶¶Òõ¶ÌÊÓƵ

All Countries
Employment
Termination Of Purchase Agreement

Termination Of Purchase Agreement Template for Netherlands

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Termination Of Purchase Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Termination Of Purchase Agreement

"I need a Termination of Purchase Agreement under Dutch law for mutually ending a machinery purchase contract with my supplier ABC Manufacturing BV, with termination effective March 1, 2025, including provisions for the return of partial deliveries and settlement of outstanding payments."

Celebrated by
Collaborations with
Investors
Document background
The Termination of Purchase Agreement is a crucial legal document used when parties wish to formally end their existing purchase arrangement under Dutch law. This document is typically employed when circumstances necessitate the early termination of a purchase agreement, whether by mutual consent or due to specific triggering events. It's essential in situations where parties need to document the formal conclusion of their business relationship, settle any outstanding obligations, and ensure legal clarity regarding the end of their contractual commitments. The agreement must comply with Dutch legal requirements, particularly the provisions of the Dutch Civil Code (Burgerlijk Wetboek) regarding contract termination and property law. It includes critical elements such as termination terms, settlement provisions, asset handling, and ongoing obligations, providing a comprehensive framework for unwinding the original purchase agreement.
Suggested Sections

1. Parties: Identification of all parties to the termination agreement, including their full legal names, addresses, and registration details

2. Background: Recitals explaining the original purchase agreement, its date, and the circumstances leading to termination

3. Definitions: Definitions of key terms used in the termination agreement, including references to defined terms from the original purchase agreement

4. Termination: Clear statement of termination, effective date, and legal basis for termination

5. Mutual Release: Release of parties from obligations under the original agreement, subject to any surviving provisions

6. Return of Property: Provisions for the return or transfer of any goods, assets, or property

7. Payment and Settlement: Details of any final payments, refunds, or financial settlements between the parties

8. Confidentiality: Ongoing obligations regarding confidential information

9. Governing Law: Confirmation of Dutch law as governing law and jurisdiction

10. Entire Agreement: Statement that this document represents the entire agreement regarding the termination

Optional Sections

1. Transition Arrangements: Used when there needs to be a structured handover period or transition of services/goods

2. Surviving Provisions: Include when certain provisions from the original agreement need to survive termination

3. Dispute Resolution: Include detailed dispute resolution procedures when parties anticipate potential conflicts

4. Tax Considerations: Include when there are specific tax implications that need to be addressed

5. Intellectual Property Rights: Include when IP rights need to be addressed post-termination

6. Employee Matters: Include when termination affects employment relationships or transferred employees

7. Third Party Rights: Include when termination affects rights of third parties or requires third party consents

Suggested Schedules

1. Schedule 1 - Original Purchase Agreement: Copy or details of the original purchase agreement being terminated

2. Schedule 2 - Settlement Statement: Detailed breakdown of any financial settlements, including calculations

3. Schedule 3 - Asset Register: List of assets to be returned or transferred as part of the termination

4. Schedule 4 - Transition Plan: Detailed timeline and responsibilities for any transition period

5. Schedule 5 - Outstanding Obligations: List of any surviving obligations or outstanding matters to be resolved

6. Appendix A - Execution Formalities: Required formalities under Dutch law for valid execution

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses






























Relevant Industries

Retail

Manufacturing

Real Estate

Technology

Construction

Automotive

Energy

Agriculture

Professional Services

Healthcare

Telecommunications

Industrial Equipment

Relevant Teams

Legal

Finance

Procurement

Commercial

Risk & Compliance

Operations

Supply Chain

Sales

Business Development

Administration

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Chief Financial Officer

Commercial Director

Business Development Manager

Risk Manager

Compliance Officer

General Counsel

Operations Director

Supply Chain Manager

Account Manager

Sales Director

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Lease Termination Letter Tenant To Landlord

A formal notice from tenant to landlord terminating a lease agreement under Dutch law, including termination date and property handover details.

find out more

At Will Contract

Dutch employment contract template incorporating mandatory provisions under Netherlands employment law, structured with at-will elements while maintaining required Dutch employee protections.

find out more

Letter Of Cancellation Of Contract

A formal notice under Dutch law to terminate an existing contractual agreement, including essential termination details and compliance with Dutch legal requirements.

find out more

Termination Of Contract Letter To Employer

A formal resignation letter compliant with Dutch employment law that officially notifies an employer of an employee's intention to terminate their employment contract.

find out more

Termination Of Contract Letter To Employee

A Dutch law-compliant formal letter documenting employment contract termination, including termination terms, notice period, and settlement details.

find out more

Periodic Tenancy Termination

A Dutch law-compliant notice for terminating a periodic residential tenancy agreement, requiring specific formal elements and delivery methods under Dutch Civil Code.

find out more

Landlord Ending Tenancy Letter

A formal notice under Dutch law used by landlords to terminate a tenancy agreement, complying with Netherlands Civil Code requirements and tenant protection regulations.

find out more

Office Lease Termination Letter

A formal notice under Dutch law to terminate an office lease agreement, including termination date and handover arrangements.

find out more

Non Renewing Lease Letter

A formal notice under Dutch law informing tenants that their lease agreement will not be renewed upon expiration, complying with Netherlands Civil Code requirements.

find out more

Severance And Release Agreement

A Dutch law agreement documenting employment termination terms, severance payments, and mutual releases between employer and employee in the Netherlands.

find out more

Termination Of Purchase Agreement

A Dutch law-governed agreement that formally terminates an existing purchase agreement, settling all outstanding obligations between the parties.

find out more

Termination Of Engagement Letter

A Dutch law-governed letter formally terminating a professional engagement, outlining termination terms, handover procedures, and ongoing obligations.

find out more

Release Of Contract Letter

A Dutch law-governed document that formally terminates an existing contract and releases all parties from their contractual obligations.

find out more

Cancellation Of Purchase Agreement

A Dutch law document that formally terminates an existing purchase agreement, outlining cancellation terms and settlements between parties.

find out more

Termination Of Services Letter To Vendor

A Dutch law-compliant formal letter notifying a vendor of service termination, including termination terms and final arrangements.

find out more

Termination Settlement Agreement

Dutch law-compliant agreement documenting mutually agreed employment termination terms, including financial settlements and legal obligations.

find out more

Employment Termination Agreement

A Dutch law-governed agreement that formalizes the mutual termination of employment, including financial settlements and post-employment obligations.

find out more

Mutual Termination Agreement

A Dutch law-governed agreement documenting the mutually agreed termination of employment, outlining separation terms and conditions between employer and employee.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.